Shares of the Bank of Baroda rose for the second consecutive session on Tuesday as brokers welcomed the creditor’s forecast to beat the Street estimate of 79% annual profit growth for April-June 2022. The bank knows its quarterly report ‘yes. financial on Saturday.

Shares of the lender rose more than 6 percent on the day and were trading 4.6 percent higher at Rs 121.85 on the BSE at 2:30 pm. The stock has boosted investors by 45 percent based on its 2022 (YTD) performance, compared to the Sensex, which has gained nearly 2 percent over the period.

Bank of Baroda Managing Director and Chief Executive Officer (CEO) Sanjeev Chadha said that this quarter was good, and growth in the previous quarter had been slow due to the corporate sector. In the first quarter, the bank’s net interest income (NII) rose 12 percent year on year to Rs 8,838 crore.

“One of the problems we had in the last quarter was that the growth was relatively slow, and mostly because the corporate segment had a choice to grow or maintain margins. Now everything has changed, so we grew 17 percent in the corporate segment,” he told CNBC-TV18 on Monday.

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The lender said the only increase in productivity this fiscal year was an increase in credit. The bank grew 17 percent year-over-year in the report, but its organic retail loan portfolio grew 23.2 percent, with typical consumer loans up 147.1 percent and auto loans up 25 percent. 6 percent. and so on. it is 20.5%, and home loans 15.3%.

“The only thing that is holding us back is that mortgages are not growing as fast as we would like, and car loans continue to rise by 20 percent. Mortgages also grew by more than 15% this quarter, resulting in higher organic retail growth,” he said.

See also: Bank of Baroda may refuse to paychecks from today unless the above formalities are completed

Brokerage firm CLSA points to year-on-year growth due to weak fundamentals and expects normalization in this financial year.

However, CLSA maintained its Buy recommendation on the lender’s stock and priced it at Rs 145 against Rs 125 earlier, saying BoB has been a good defensive bank over the past 12 months. According to him, the bank is well positioned to take advantage of higher rates and lower credit costs.

The intermediary company is expected to grow the bank by 3-13% for the financial year and calendar year 2024.

MD Bank of Baroda pegs industry growth at 10-12 percent in 2022-23 and expects the bank’s average loan to be higher than the industry average.

“We want to grow faster than the industry and remain consistent. So don’t let our vision pass. Therefore, any growth we do must be of good quality and credit margin,” he said.

Buy Baroda Bank, target price Rs 147: LKP Securities

buy baroda bank target price

LKP Securities has acquired Bank of Baroda for Rs 147. Bank of Baroda NSE’s latest share price today was 2.87%. The analyst-determined period is one year, during which Bank Baroda’s stock price can reach the specified target.

  • Bank of Baroda is a banking company founded in 1911 (Rs 60,1429.4 billion).
  • Bank of Baroda is a banking company founded in 1911 (Rs 60,1429.4 billion).

The main components of Bank of Baroda’s income/income include advance payments and account interest and discounts, investment income, interest and interest to RBI, and other bank loans for the year ended 31 March 2021. Includes balance.

For the quarter ended 30 June 2022, the company reported revenue of Rs 2,157.676 billion, down 3.98% from the previous quarter. Total revenue stood at Rs 2,247.046 billion, up 1.04% from last quarter. . . .The Bank’s net after-tax income for the last quarter was $1,939.56 billion.

investment basics

The broker expects the bank to achieve it’s ROA/ROE of 0.8%/11.5% in the 2004 fiscal year, resulting in stronger growth, higher PCR, and better asset quality. Private Bank Fee and PBV 0.8×24 FY Rta. The target cost of £147 at £183 BVPS (corrected to £128). We recommend BUY with 26% upside potential.

Instigator Container / FII

As of June 30, 2022, the company owns 63.97% of shares, 8.23% of industrial investors, and 16.85% of DII.

The stock price of BANK BARODA

BANK OF BARODA’s latest share price was 3.1% to Rs 120.1 on BSE. BANK OF BARODA’s stock price has changed by +12.1% over the past month. A total of 30 million were exchanged.

Overall, the broader S&P BSE BANKEX Index fell 1.6%. Also, the benchmark S&P BSE SENSEX was 59,646.2 (down 1.1%).

BANK OF BARODA’s stock price has changed by +11.2% over the past month. BANK OF BARODA price has changed -by 54,005% over the past month.

BANK OF BARODA is currently worth $621,080,000. For more information, see our list of Top 100 Indian Companies by Currency.

As of June 2022, the company founder owns 63.97% of his BANK OF BARODA shares, with no shares pledged as collateral. You can see the BANK OF BARODA rate on the chart as the date gets closer to your selected date.

Bank of Baroda updated statement for Q1 2023

Bank of Baroda has announced results for the first quarter of the fiscal year 2023.

Interest income increased 12% to 8,838 million in the first quarter of 2013.

Net profit for the quarter rose 15.6% to Rs 1,277.

Net profit for Q1 FY23 was Rs 1,002 billion.

Deposit interest rates declined from 3.55% in Q1 2012 to 3.46% in Q1 2012.

Net profit for the first quarter of FY23 was Rs 452.8 billion.

Q1 2023 net profit (excluding interest on capital gains/losses and IT fees) increased by 11% year-on-year to SEK 5,301.

The bank reported a net profit of Rs 2,168 crore in the first quarter of FY23 compared to Rs 1,209 crore in the first quarter of FY22.

Q1 2023 Global NIM is 3.02%.

Return on Assets (RoA) increased from 0.42% in 1Q12 to 0.68% in 1Q12.

Return on equity (RoE) increased 500 basis points year-over-year to 13.63%.

The combined company reported revenue of Rs 194.4 billion in the first quarter of 2023 compared to Rs 118.7 billion in the first quarter of 2023.

Internal control and development

Finance: 91,868.08 Cr FV: 2.00

MF Time Online Purchase / (Sale) Net FII

Last month 1,059.84 53,800.35

3M Finals 33,687.41 36,192.26

6 M 117,845.77 -119,642.25. What can I give you?

12M fins. 211,587.61 -199,630,24. What can I give you?


Currency (₹ per Cr) St Bk India Box Mah. HDFC Bank ICICI Baroda Bank

Price 520.35 1.877.00 1.493.05.870.4 120.35

Change, % -2.25 -1.44 -1.23 -1.66 -2.87

Total TTM Cr 2 89,972.69 33,740.40 1 35,936.41 95,406.87 73,385.46

Profit TTM Cr 36,356.17 11,931.87 38,150.90 25,783.83 7,700.23

PE TTM 11.65 29.00 21.15 22.21 7.45. What can I give you?

Annual Income 23.98 7.28 -1.32 26.46 52.83

By bemaad

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